FILE PHOTO: The GM logo is seen at the General Motors Lansing Grand River Assembly Plant in Lansing, Michigan October 26, 2015. REUTERS/Rebecca Cook/File Photo WASHINGTON (Reuters) – General Motors Co is halting work on two renovation projects at facilities in the Detroit area as it offers voluntary severance packages to 18,000 salaried workers in… Continue reading GM halts two renovation projects as it looks to cut costs
Tag: People
Vans as motherships.
The load capacity of the drones is currently two kilograms. The supplier is the US start-up Matternet. The drones’ maximum range is 20 kilometres. The Sprinter carries replacement batteries so that the drone can fly to a more distant destination or back to the stationary warehouse if necessary. The drone is guided to its destination… Continue reading Vans as motherships.
DeepMap, a maker of HD maps for self-driving, raised at least $60M at a $450M valuation
As car and tech companies continue to make inroads on vehicles and services to build autonomous driving systems, a startup that is creating high-definition maps to help these vehicles move around has quietly picked up a significant round of funding. DeepMap — a Palo Alto startup co-founded by James Wu and Mark Wheeler, who previously… Continue reading DeepMap, a maker of HD maps for self-driving, raised at least $60M at a $450M valuation
transformation
01.11.2018 Ι Society and the economy are facing profound changes. At the Transformation Congress in Bonn, more than 600 metallurgists discussed how change can be shaped in the interests of the employees. In an interview, Jörg Hofmann, First Chairman of IG Metall, talks about the design possibilities of the union. A good 600 metalworkers discussed… Continue reading transformation
Ford SUV Sales on Record Pace – Expedition Up 74.7 Percent, Explorer Up 12.5 Percent; F-Series Passes 70,000-Truck Mark for Eighth Straight Month; Lincoln Navigator Up 70.0 Percent
About Ford Motor Company Ford Motor Company is a global company based in Dearborn, Michigan. The company designs, manufactures, markets and services a full line of Ford cars, trucks, SUVs, electrified vehicles and Lincoln luxury vehicles, provides financial services through Ford Motor Credit Company and is pursuing leadership positions in electrification, autonomous vehicles and mobility solutions.… Continue reading Ford SUV Sales on Record Pace – Expedition Up 74.7 Percent, Explorer Up 12.5 Percent; F-Series Passes 70,000-Truck Mark for Eighth Straight Month; Lincoln Navigator Up 70.0 Percent
Carpooling startup Scoop partners with Lyft
Lyft is partnering with carpooling service Scoop to supplement Scoop’s offering to its customers from companies like LinkedIn, Workday, Samsung T-Mobile and Symantec. With Scoop, trips are pre-scheduled, so you can select from one or more times you’d be willing to leave in the morning and afternoon, and have up until 9pm the night before for… Continue reading Carpooling startup Scoop partners with Lyft
Continental Sees a Need for Amendments to the Draft Training Opportunities Act
“ Continental welcomes progress on the Training Opportunities Act, but recognizes the need for amendments to key points Focused training ensures Germany’s competitiveness as a business location Dr. Ariane Reinhart, Executive Board member for Human Relations: “Training needs to take place predominantly in-company and should also receive funding there” Representative Continental survey: Employees consider training… Continue reading Continental Sees a Need for Amendments to the Draft Training Opportunities Act
Faraday Future loses the last of its founding executive team as problems deepen
There were five. And now, there are none. Faraday Future, the once-buzzy Chinese electric vehicle startup that has delivered lots of promises and fanfare, but has struggled to deliver an actual product, suffered back-to-back departures this week of the remaining five founding members of its executive team. Nick Sampson, a co-founder and senior vice president… Continue reading Faraday Future loses the last of its founding executive team as problems deepen
Hyundai, Yield Capital launch $100m hydrogen energy-focused VC
November 1, 2018 South Korea’s Hyundai Motor Company has teamed up with Beijing-Tsinghua Industrial R&D Institute (BTIRDI), a Chinese engineering institute, to jointly raise around $100 million for a fund that invests in hydrogen energy startups. Hyundai Motor and Yield Capital, an investment unit under BTIRDI, will manage Hydrogen Energy Industry Fund, which will support… Continue reading Hyundai, Yield Capital launch $100m hydrogen energy-focused VC
GM looks to cut costs by offering buyouts to 18,000 employees
General Motors has offered voluntary buyouts to 18,000 salaried employees in North America who have at least 12 years of experience, as the automaker looks to cut costs all while investing in its electric and autonomous future. The company has described this as a proactive measure aimed at preparing for coming headwinds such as slow… Continue reading GM looks to cut costs by offering buyouts to 18,000 employees